How quickly are applications processed and what is the credit underwriting process?
Typically, all Student applications will be processed as non-recourse lending unless the Member requests differently. Because the Student program is based on the financial status of the applicant or the guarantor, credit decisions are made swiftly. Typically, the Industrial Credit Member will receive credit decisions within 24 hours.
Related Questions
- What do the student and/or parent need to do to make sure college applications are processed as quickly as possible by the Guidance Department?
- Do card applications undergo background checks and/or a credit evaluation process? Are all applicants guaranteed the card?
- How quickly are credit & debit card donations processed?
